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Should Subsidized Private Transfers Replace Government Social Insurance? / Connel Fullenkamp, Ralph Chami.
- Format:
- Book
- Government document
- Author/Creator:
- Fullenkamp, Connel.
- Series:
- IMF Working Papers; Working Paper ; No. 2000/150
- IMF Working Papers
- Language:
- English
- Physical Description:
- 1 online resource (26 pages)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2000.
- Language Note:
- English
- Summary:
- Private transfers between individuals or through organized charities are increasingly viewed as an alternative for government social insurance programs. This paper models the incentive effects of government subsidized private transfers and finds that while there is a significant welfare benefit to subsidizing private transfers, there is also a significant welfare cost to this policy. It is shown analytically, as well as through simulations, that the optimal subsidy to private transfers is positive for a wide range of parameter values. This result indicates that subsidized private transfers in net terms are welfare enhancing.
- Notes:
- Bibliographic Level Mode of Issuance: Monograph
- Description based on print version record.
- ISBN:
- 9786613802880
- 9781462327683
- 1462327680
- 9781452734064
- 1452734062
- 9781282109995
- 1282109995
- 9781451902068
- 1451902069
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